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Newsroom - Clients - GRGR
The following news and investment research items reflect some of the recent business activity for selected clients of Empire Relations Group, Inc. Additional information for investment research can be found in the featured clients section. News and investment research are for informational purposes only.
Green Energy Resources Inc
Green Energy Resources 'GRGR' Announces Stock Buy Back
NEW YORK, NEW YORK--(MARKET WIRE)--Aug 2, 2006 -- Green Energy Resources (Other OTC:GRGR.PK - News) will resume its stock buy back program. The program was initiated on March 1stn but was suspended when share prices neared $1 dollar in April of this year. CEO Joseph Murray stated, current share value offers a unique opportunity to re -acquire company stock. The stock re-purchase program is expected to take effect immediately. Green Energy Resources has generated profits in its first two years of operation, and posted profits in the 1st and 2nd qtrs of 2006.
In other company news, Green Energy Resources Urban Tree Certification System (UTCS ) has generated over 100 visits per day to its redesigned website and over 2000 hits per day from around the world daily. The new software will begin to generate revenues for the company in 2006 and is projected to earn the company upwards of $11 million dollars in 2007.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
Green Energy Resources
Joseph Murray
(631) 375-7921
joe.murray@greenenergyresources.com
http://www.greenenergyresources.com
Worldwide Financial Marketing, Inc. USA
Investor Relations
Int'l: 1 (954) 360-9998
Info@wwfinancial.com
http://www.wwfinancial.com
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About Green Energy Resources, Inc.
Green Energy Resources, Inc. is dedicated to becoming a leading
supplier of reliable, low cost, high quality wood fiber fuels (biomass).
Biomass, which is essentially organic matter that can be converted to
energy, is the fourth leading source of energy in the United States
(behind oil, natural gas and coal), and is currently providing about 2
percent of all energy used in this country. This is expected to grow to
over 10% by the end of this decade.
To link to this corporate profile in our members area click here (You must be a registered member to see profile).
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